Nova® Water is Saudi Arabia’s most iconic premium bottled water brand, recognized for its uncompromising quality and continuous innovation. As the Kingdom’s leading water brand, Nova® has earned the trust of consumers nationwide and remains a symbol of purity and pride. Rooted in the heart of this land, Nova® continues to set the benchmark for hydration and brand excellence in Saudi Arabia.

Job Purpose:

To oversee and execute the branch's accounting operations, ensuring accurate management of accounts receivable, accounts payable, general ledger activities, inventory reconciliations, cash management, and financial reporting. The role is responsible for maintaining strong financial controls, ensuring timely collections and vendor payments, supporting month-end and year-end closing activities, and ensuring compliance with company policies, accounting standards, and regulatory requirements while providing financial insights to support operational and business objectives.

Key Responsibilities:

Accounts Receivable Management

• Record and reconcile all customer collections, deposits, and bank transfers.
• Monitor daily accounts receivable aging and communicate outstanding balances, blocked customers, and credit limit utilization to branch management.
• Follow up with sales supervisors and branch management regarding overdue collections and customers exceeding approved credit limits.
• Ensure timely allocation of collections against outstanding invoices.
• Obtain customer balance confirmations and perform reconciliations to ensure accuracy of receivable balances.
• Provide monthly customer statements and support collection efforts to improve cash flow.
• Monitor compliance with credit control procedures, including signed and stamped invoices.
• Ensure cash customer balances and unapplied receipts are cleared in a timely manner.

Accounts Payable Management

• Oversee the end-to-end accounts payable process including invoice verification, coding, posting, and payment processing.
• Review and post supplier invoices in SAP, ensuring accurate allocation to General Ledger accounts and cost centers.
• Reconcile vendor statements and resolve discrepancies promptly.
• Monitor supplier aging reports and ensure payments are made within agreed credit terms.
• Coordinate with procurement, operations, and vendors to resolve invoice and payment-related issues.
• Ensure compliance with procurement policies, tax regulations, and internal controls.

General Ledger & Financial Reporting

• Prepare monthly, quarterly, and annual financial reports and supporting analyses.
• Manage General Ledger accounts through accurate journal entries and reconciliations.
• Perform monthly bank reconciliations and investigate reconciling items.
• Execute month-end and year-end closing activities within reporting deadlines.
• Reconcile subsidiary ledgers with General Ledger balances on a monthly basis.
• Analyze financial transactions and ensure accounting records are complete and accurate.

Inventory & Asset Control

• Conduct periodic inventory counts and ensure timely reconciliation of inventory variances.
• Support stock-taking exercises and inventory audits across the branch.
• Monitor and reconcile inventory-related transactions and reports.
• Maintain the Fixed Asset Register and ensure accurate asset capitalization and depreciation.
• Supervise scrap sales accounting, collection recording, and reconciliation processes.

Cash & Expense Management

• Manage petty cash funds, replenishment requests, and reconciliations.
• Review employee expense claims and ensure compliance with company policies.
• Monitor branch cash balances and ensure proper documentation and controls are maintained.

Compliance & Internal Controls

• Ensure compliance with VAT, ZATCA, company policies, and accounting procedures.
• Support internal and external audit activities by providing required documentation and explanations.
• Implement and maintain effective internal controls to safeguard company assets.
• Ensure proper financial document archiving and record retention practices.

Financial Planning & Analysis

• Support budgeting and forecasting processes.
• Analyze budget variances and identify financial risks and opportunities.
• Provide financial insights and recommendations to improve branch profitability and operational performance.

Qualifications:

• Bachelor's Degree in Accounting, Finance, Business Administration, or a related field.
• Professional certifications such as SOCPA, ACCA, CPA, CMA, or equivalent are preferred.
• 4-7 years of progressive accounting experience.
• Experience in FMCG, manufacturing, distribution, or supply chain environments is preferred.
• Strong experience in both Accounts Receivable and Accounts Payable functions.